Bull Trend Analysis Feed http://www.bull-trend.com Bull-trend.com was designed for traders like yourself. We strive to be your number-one resource for timely, accurate and useful forex, futures and commodity quotes, charts, technical opinion, trading analysis and other market commentary. CFM 263 94 http://www.bull-trend.com http://www.bull-trend.com/bk2/img/flogo.jpg EUR/USD Technical Analysis: Consolidation range likely to be challenged early 2019 http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Mon, 31 Dec 2018 16:11:23 -0500 Since November, the EUR/USD pair has been trading sideways. The weekly chart shows the two key technical levels: 1.1500 and 1.1300, the upper and lower limit of the range.  A weekly close above 1.1500 would point to more gains for the euro with an near term target around 1.1600 and above it could extend to levels close to 1.1800.  On the flip side, a close under 1.1300 would point from a technical perspective to more losses, a test of 2018 lows and also 1.1200.  The current range could be tested early in 2019 taking into account that the current week is the tenth that EUR/USD has been moving around 1.1400.  EUR/USD Daily Chart EUR/USD Overview:<br />     Today Last Price: 1.1434<br />     Today Daily change: -8.0 pips<br />     Today Daily change %: -0.0699%<br />     Today Daily Open: 1.1442<br /> Trends:<br />     Previous Daily SMA20: 1.1375<br />     Previous Daily SMA50: 1.1373<br />     Previous Daily SMA100: 1.1478<br />     Previous Daily SMA200: 1.1671<br /> Levels:<br />     Previous Daily High: 1.1478<br />     Previous Daily Low: 1.1426<br />     Previous Weekly High: 1.1478<br />     Previous Weekly Low: 1.1343<br />     Previous Monthly High: 1.15<br />     Previous Monthly Low: 1.1216<br />     Previous Daily Fibonacci 38.2%: 1.1458<br />     Previous Daily Fibonacci 61.8%: 1.1445<br />     Previous Daily Pivot Point S1: 1.1419<br />     Previous Daily Pivot Point S2: 1.1396<br />     Previous Daily Pivot Point S3: 1.1367<br />     Previous Daily Pivot Point R1: 1.1471<br />     Previous Daily Pivot Point R2: 1.15<br />     Previous Daily Pivot Point R3: 1.1523   Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. USD/JPY breaks below 110.00 handle for the first time since August 21 http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Mon, 31 Dec 2018 12:38:56 -0500    •  The US-China trade optimism-led early uptick turns out to be rather short-lived. <br />    •  The prevalent USD bearish sentiment prompted some fresh selling at higher levels. The USD/JPY pair kept losing ground through the mid-European trading session and finally broke below the key 110.00 psychological mark for the first time since August 21. The pair failed to capitalize on an early attempted rebound to mid-110.00s, supported by the US President Donald Trump's positive signals to ease US-China trade tensions, and drifted into negative territory for the third consecutive session. The prevalent US Dollar selling bias, amid expectations of a dovish Fed next year and a partial US government, was seen as one of the key factors behind the pair's follow-through downfall after last week's bearish breakthrough the very important 200-day SMA. Meanwhile, possibilities of some technical selling below last week's swing lows, around the 110.15 region, coupled with relatively thin market liquidity conditions further collaborated towards aggravating the selling pressure since the early European session. It would now be interesting to see if the pair is able to find any buying interest at lower levels or the current downfall marks a fresh bearish breakdown amid absent relevant market moving economic releases on the Near Year's Eve. Technical levels to watch USD/JPY Overview:<br />     Today Last Price: 109.92<br />     Today Daily change: -29 pips<br />     Today Daily change %: -0.263%<br />     Today Daily Open: 110.21<br /> Trends:<br />     Previous Daily SMA20: 112.27<br />     Previous Daily SMA50: 112.78<br />     Previous Daily SMA100: 112.38<br />     Previous Daily SMA200: 111.01<br /> Levels:<br />     Previous Daily High: 111.07<br />     Previous Daily Low: 110.16<br />     Previous Weekly High: 111.41<br />     Previous Weekly Low: 110<br />     Previous Monthly High: 114.25<br />     Previous Monthly Low: 112.3<br />     Previous Daily Fibonacci 38.2%: 110.5<br />     Previous Daily Fibonacci 61.8%: 110.72<br />     Previous Daily Pivot Point S1: 109.89<br />     Previous Daily Pivot Point S2: 109.56<br />     Previous Daily Pivot Point S3: 108.97<br />     Previous Daily Pivot Point R1: 110.8<br />     Previous Daily Pivot Point R2: 111.39<br />     Previous Daily Pivot Point R3: 111.72 <br />   Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. 2018 was bitter sweet for Bitcoin: Focus on JP Morgan’s view of BTC futures on CBOE and CME http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Mon, 31 Dec 2018 12:06:29 -0500 Bitcoin has not been able to come out of the bear trend the entire year. Bitcoin futures have been a great addition to the crypt market since their introduction by CME in 2017. This year has been the year of correction in in the cryptocurrency industry. It is true to say that it has been both bitter and sweet. We saw Bitcoin spiral losing ground massively from its all-time high traded in December 2017. In spite of the declines, there has been tremendous development in terms of technology and new products. The market has battled to come out of the speculation and focus on core of the industry; development and mass adoption. The unfortunate thing is that, Bitcoin has not been able to come out of the bear trend the entire year. Yes, there have been wins where the asset recovered significantly. However, the asset has experienced frequent recoveries followed by devastating waterfall drops. In the last two months, for example Bitcoin broke the support at $6,000. This ignited the declines to the extent that BTC refreshed the yearly lows around $3,200. A correction from the annual lows was rejected at $4,200 last week and Bitcoin is changing hands at $3,740 at press time. Bitcoin futures of CBOE and CME Bitcoin futures have been a great addition to the cryptocurrency market since their introduction by CME in 2017. The same assets are also available on CBOE Futures Exchange, LLC (CFE). Bitcoin futures have offered traders opportunities discover prices promptly, massive liquidity, high level transparency as well centralized clearance. On CBOE bitcoin futures use the symbol “XBT” and offer a more centralized platform for exchanging and viewing BTC prices. A recent overview of Bitcoin futures by JP Morgan indicate that there has a declining interest in the assets especially for the financial institutions. For instance, the activities of Bitcoin futures on CME have dropped to $65 million in the current week (lowest range in 2018). In addition to that: “More importantly, the futures volumes as a proportion of trading volumes on bitcoin exchanges has declined to below 1%, the lowest level since the beginning of the year and well below the 10% high seen in the summer.” The participation of institutional clients is reported to be fading as well. However, this has been linked largely to the falling price in 2018. BTC/USD 1-hour chart<br /> BEST BROKERS TO TRADE CRYPTO Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. EUR/USD climbs to fresh session tops around mid-1.1400s, will it sustain? http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Mon, 31 Dec 2018 11:15:56 -0500    •  The USD bulls held on the defensive and helped regain positive traction.<br />    •  Further gains likely to remain capped amid year-end thin liquidity conditions. The EUR/USD pair built on its steady intraday climb and is currently placed at the top end of its daily trading range, around mid-1.1400s. The pair quickly reversed an Asian session dip to the 1.1420 region and turned positive for the third consecutive session amid some renewed US Dollar selling pressure.  Expectations of a dovish Fed next year, along with a partial US government shutdown kept the USD bulls on the defensive and turned out to be one of the key factors driving the pair higher.  Apart from broad-based USD weakness, the uptick lacked any obvious fundamental catalyst and hence, runs the risk of running out of steam ahead of Friday's swing high, nearing 100-day SMA important barrier.  Moreover, traders might also refrain from placing any aggressive bids amid relatively thin liquidity conditions on the New Year's Eve and might further collaborate towards capping gains. Hence, it would be prudent to wait for a sustained breakthrough the mentioned hurdle before traders start positioning for any further near-term positive momentum. Technical levels to watch EUR/USD Overview:<br />     Today Last Price: 1.1448<br />     Today Daily change: 6.0 pips<br />     Today Daily change %: 0.0524%<br />     Today Daily Open: 1.1442<br /> Trends:<br />     Previous Daily SMA20: 1.1375<br />     Previous Daily SMA50: 1.1373<br />     Previous Daily SMA100: 1.1478<br />     Previous Daily SMA200: 1.1671<br /> Levels:<br />     Previous Daily High: 1.1478<br />     Previous Daily Low: 1.1426<br />     Previous Weekly High: 1.1478<br />     Previous Weekly Low: 1.1343<br />     Previous Monthly High: 1.15<br />     Previous Monthly Low: 1.1216<br />     Previous Daily Fibonacci 38.2%: 1.1458<br />     Previous Daily Fibonacci 61.8%: 1.1445<br />     Previous Daily Pivot Point S1: 1.1419<br />     Previous Daily Pivot Point S2: 1.1396<br />     Previous Daily Pivot Point S3: 1.1367<br />     Previous Daily Pivot Point R1: 1.1471<br />     Previous Daily Pivot Point R2: 1.15<br />     Previous Daily Pivot Point R3: 1.1523 <br />   Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. USD/JPY Technical Analysis: Drops to 110.00 neighborhood, fresh 4-month lows http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Mon, 31 Dec 2018 08:42:41 -0500    •  After an initial uptick to mid-110.00s, the pair met with some fresh supply and accelerated the fall to fresh four-month lows in the last hour.    •  The post-Christmas decline has been along a descending trend-channel on the 1-hourly chart, suggesting a well-established bearish trajectory.    •  With technical indicators on hourly/daily charts gradually drifting into oversold territory, the downfall is likely to pause near the channel support. USD/JPY 1-hourly chart USD/JPY Overview:<br>     Today Last Price: 110.08<br>     Today Daily change: -13 pips<br>     Today Daily change %: -0.118%<br>     Today Daily Open: 110.21<br> Trends:<br>     Previous Daily SMA20: 112.27<br>     Previous Daily SMA50: 112.78<br>     Previous Daily SMA100: 112.38<br>     Previous Daily SMA200: 111.01<br> Levels:<br>     Previous Daily High: 111.07<br>     Previous Daily Low: 110.16<br>     Previous Weekly High: 111.41<br>     Previous Weekly Low: 110<br>     Previous Monthly High: 114.25<br>     Previous Monthly Low: 112.3<br>     Previous Daily Fibonacci 38.2%: 110.5<br>     Previous Daily Fibonacci 61.8%: 110.72<br>     Previous Daily Pivot Point S1: 109.89<br>     Previous Daily Pivot Point S2: 109.56<br>     Previous Daily Pivot Point S3: 108.97<br>     Previous Daily Pivot Point R1: 110.8<br>     Previous Daily Pivot Point R2: 111.39<br>     Previous Daily Pivot Point R3: 111.72 Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Gold consolidates in a range, just below 6-month tops http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Mon, 31 Dec 2018 07:57:48 -0500    •  US-China trade optimism prompts some long-unwinding trade on Monday.<br />    •  Expectations of a dovish Fed/global growth concerns helped limit downside.  Gold was seen oscillating in a narrow trading band and remained within striking distance of over six-month tops set on Friday. The precious metal now seems to have entered a bullish consolidation phase, especially after this month's strong up-move of nearly 5% and amid relatively thin liquidity conditions.  The US President Donald Trump sent positive signals to ease US-China trade tensions, which eventually dented the precious metal's safe-haven status during the Asian session on Monday. The downtick, however, turned out to be rather shallow amid a fragile sentiment surrounding the US Dollar, which has been one of the key factors behind the recent upsurge to the highest level since June 19. Expectations of a dovish Fed next year, along with a partial US government shutdown kept the USD bulls on the defensive and continued benefitting the dollar-denominated commodity.  This coupled with concerns over a global economic slowdown should further collaborate towards limiting any meaningful corrective slide ahead of this week's important release of the keenly watched US NFP report. Technical levels to watch On a sustained move beyond $1282 level, the commodity is likely to accelerate the up-move towards $1290 horizontal zone before eventually darting towards reclaiming the $1300 round figure mark. On the flip side, the $1276-74 region now seems to act as immediate support, which if broken might drag the metal further towards $1270 level en-route $1265 support area.<br />   Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Bitcoin price prediction: squeezed between the rock and the hard place - Confluence Detector http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Mon, 31 Dec 2018 07:29:10 -0500 BTC/USD stays under $3,800 amid low trading activity. More rangebound trading may be in store towards the end of the year. Bitcoin is hovering under $3,800 level. The first digital coin has lost about 10% since the recent peak of $4,234, reached on December 24. The cryptocurrency market is plagued by thin liquidity and low trading activity due to the Christmas and New Year holiday season. It means that traditional and digital assets alike are hibernating in tight ranges. However, it is worth noting, that low liquidity may cause strong exaggerated movements. BTC/USD the daily confluence detector Currently, BTC/USD is well supported by a confluence of strong technical indicators, including a host of SMA levels, Bollinger Band 4-hour Middle, Bollinger Band 1-hour Lower, Bollinger Band 15-min Lower, previous 1-hour low and previous 15-min low.  There is also 23.6% Fibo retracement weekly level and Pivot Point 1-day Support 1 under $3,750 handle. Once this barrier is cleared, the downside may be extended towards $3,600, guarded by the previous week low and Bollinger Band 4-hour Lower. The next support is seen at $3,560 (Pivot point 1-month Support 1 and Pivot point 1-week Support 3). The upside movement won't be an easy one. The initial resistance zone starts right above the current price and goes to $3,880. It is created by a confluence of various technical indicators, including Bollinger Band 15-min Lower, Bollinger Band 15-min Upper, Bollinger Band 1-hour Middle, 23.6% Fibo retracement daily, 38.2% Fibo retracement weekly, 38.2% Fibo retracement daily, SMA100 15-min, SMA10 1-hour, SMA10 4-hour. A sustainable movement above the said resistance zone will open up the way towards $3,900 guarded by Pivot point 1-day Resistance 1 and a stronger hurdle at psychological $4,000 with Bollinger Band 4-hour Upper on approach.  Meanwhile, the ultimate resistance is seen at $4,234, which is the previous week's high, strengthened by the Pivot Point 1-week, Resistance 1. BTC/USD, D1 BEST BROKERS TO TRADE CRYPTO Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. USD/JPY sticks to modest recovery gains but lacks follow-through http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Mon, 31 Dec 2018 06:50:08 -0500    •  Trump’s optimistic trade-related comments weigh on JPY’s safe-haven status.<br>    •  The partial US government shutdown kept the USD bulls on the defensive.<br>    •  Global growth concerns further collaborate towards capping any strong up-move. The USD/JPY pair held on to its mildly positive tone, albeit struggled to build on the recovery move further beyond mid-110.00s.  The pair caught some bids at the start of a new trading week and recovered a part of Friday's fall back closer to over 4-month lows. The US President Donald Trump's optimistic comments on Sunday increased the likelihood of a possible trade deal with China and eventually dented the Japanese Yen's safe-haven status.  This coupled with a modest US Dollar uptick, boosted by Friday's better-than-expected Chicago PMI and mostly in line pending home sales, remained supportive of the attempted rebound, though a combination of factors kept a lid on any strong follow-through.  Market sentiment remained fragile over looming concerns of slowing global growth, while a partial US government shutdown held investors from placing any aggressive USD bullish bets amid relatively thin liquidity conditions and absent relevant market moving economic releases on New Year's Eve. Technical levels to watch USD/JPY Overview:<br>     Today Last Price: 110.39<br>     Today Daily change: 18 pips<br>     Today Daily change %: 0.163%<br>     Today Daily Open: 110.21<br> Trends:<br>     Previous Daily SMA20: 112.27<br>     Previous Daily SMA50: 112.78<br>     Previous Daily SMA100: 112.38<br>     Previous Daily SMA200: 111.01<br> Levels:<br>     Previous Daily High: 111.07<br>     Previous Daily Low: 110.16<br>     Previous Weekly High: 111.41<br>     Previous Weekly Low: 110<br>     Previous Monthly High: 114.25<br>     Previous Monthly Low: 112.3<br>     Previous Daily Fibonacci 38.2%: 110.5<br>     Previous Daily Fibonacci 61.8%: 110.72<br>     Previous Daily Pivot Point S1: 109.89<br>     Previous Daily Pivot Point S2: 109.56<br>     Previous Daily Pivot Point S3: 108.97<br>     Previous Daily Pivot Point R1: 110.8<br>     Previous Daily Pivot Point R2: 111.39<br>     Previous Daily Pivot Point R3: 111.72   Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Bitcoin investors lived through the worst year on record http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Mon, 31 Dec 2018 06:16:45 -0500 Bitcoin is hovering under $3,800 amid low trading activity. BTC ROI dropped to -71.5% to become the lowest on record. BTC/USD is changing hands at $3,775, after a short-lived Sunday attempt to recover above $3,800 handle. The cryptocurrency market has entered a hibernation phase to survive thin holiday markets. Bitcoin is no exception here, despite some short-lived sharp movements in both directions. According to the statistics provided by Messari service, the return on investments in Bitcoin in 2018 was the worst on record. Traders have lost over 71% of their capital since the beginning of the year. To put this into perspective, it is much worse than in 2014, when Bitcoin demonstrated the similar slump. Bitcoin's technical picture On the 4-hour chart, Bitcoin is moving within a horizontal triangle. A sustainable movement above $3,860 (the upper line of the triangle) will create a setup for a strong recovery with the first aim at $4,234, which is the recent high reached on December 24. On the downside, the initial support lies with $3,700. It is created by a confluence of SMA100 and SMA200 (4-hour) and followed by the lower triangle border at $3,670. Once below, the sell-off may be extended towards $3,550 and psychological $3,500. BTC/USD, 4-hour chart <br>   BEST BROKERS TO TRADE CRYPTO Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. FX Today: Markets thin as the new year rolls around http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Mon, 31 Dec 2018 05:57:56 -0500 In forex today, markets have ground to a near-halt heading into the New Year's shutdown to round out the holidays, and although the latter half of this week could see an influx of fresh volumes into the broader markets, the fx marketspace remains tepid as investors take a step back and reassess their bets heading into 2019. Major pairs remain firmly planted within recent ranges as Monday's action sees G10 currencies hobbled on paper-thin volumes; the EUR/USD pairing remains trapped near the high end of last week's range near 1.1450 and threatening to head lower to kick off 2019, while the Sterling-Dollar pairing continues to splash around just south of 1.2700, a key technical level that has seen the Cable restrained since Brexit proceedings seized up in early December. The USD/CAD pair continues to tick thinly into near-term highs near 1.2650 as slumping oil prices continue to pull the rug out from underneath the Candian Loonie, but anemic holiday markets are preventing any major market moves from unfolding. In the Pacific-Asia sector, the Aussie is seeing some early-week pre-holiday bidding on reassurances that trade talks between the US and China are, in fact, progressing, but details remain thin and evidence of forward momentum remains trapped behind vague headlines and frequent trade-centric tweets from US President Donald Trump. The USD/JPY remains trapped near 110.50 as the Greenback holds near last week's low points, and a fresh round of capital to come later in the week could see a rebound for the pair, depending on how investors plan to grapple with US Federal Reserve chairman Jerome Powell's off-the-cuff approach to handling FOMC statements through 2019. Key headlines from the Asian session:  UK MPs set to delay Brexit if May's Brexit deal fails - UK's Telegraph Goldman Sachs makes another cut to 2019 Fed rate hike forecast China sees first manufacturing decline in 2.5 years - Reuters Trump tweets from the weekend on China and trade Fed head Powell set to give markets a rough ride in 2019 - Reuters Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. EUR/USD rangebound below 1.1450 ahead of New Year 's shutdown http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Mon, 31 Dec 2018 05:08:57 -0500 Major markets are missing their key participants as volumes wither, leaving the FX marketspace to middle. Plenty of concerns will be following investors through the doors into 2019. EUR/USD is seeing some downside play in thin Asian markets, testing into 1.1425 as the major pair struggles within trading ranges established late last week. Broader markets remain sedate and volumes steeply decreased as investors pull back for the year's end, and major assets see thin play within recent ranges. The Euro is heading into 2019 on mixed tones as the European continent grapples with an array of economic headwinds, from Italy's lagging budget concerns to Brexit, as well as threats of a global economic slowdown, and soured market sentiment could be ringing in 2019 as the new year looks set for a rough ride. The economic calendar is devoid of any meaningful information ahead of the News Years shutdown, though the US side will be seeing the Dallas Fed's Manufacturing Business Index for December at 15:30 GMT, which last printed at 17.6. EUR/USD Levels to watch The Fiber's technical outlook remains largely unchanged, and as Bakinv's own Eric Abdelnour noted: The pair retains a positive tone according to the 4 hours chart, although the 1.1460/80 region is a tough static resistance area that won't be easy to break. In the mentioned chart, the pair is well above its moving averages, with the 20 SMA gaining upward strength. Technical indicators are neutral-to-bullish within positive levels, below their daily highs, indicating limited buying interest.   Support levels: 1.1420 1.1390 1.1360<br> Resistance levels: 1.1480 1.1510 1.1545 Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Oil markets flat as markets wind down for New Years, WTI stuck at $45.00 http://www.bull-trend.com/ Energy http://www.bull-trend.com/ Mon, 31 Dec 2018 02:36:26 -0500 New Years sees markets trading flat, with crude oil strung out in consolidation. Upcoming OPEC production cuts could see prices back on the rise if energies traders believe the cuts will eat away at US oversupply. Oil markets have strung out at familiar levels as broader markets head into the New Years shutdown, and crude barrels are constrained at near-term consolidation despite last week's quick plunge into the 42.15 region for US crude prices. WTI has stabilized at the 45.00 handle, but the latter half of this week is primed for a fresh resurgence of swinging investor sentiment. The US remains one of the world's largest overproducers of crude oil, clocking in over 11 million barrels per day in production, and the massive supply glut is seeing oil energies buried at the low end; OPEC has promised to begin cutting production by over a million barrels per day beginning in January, with Russia announcing an excess production cutback, but barrel traders will be waiting to see if the production limits will be able to have an effect on the wave of WTI pouring out of the US into global supplies. WTI Technical Levels WTI Overview:<br>     Today Last Price: 45.55<br>     Today Daily change: 10 pips<br>     Today Daily change %: 0.220%<br>     Today Daily Open: 45.45<br> Trends:<br>     Previous Daily SMA20: 49.43<br>     Previous Daily SMA50: 54.27<br>     Previous Daily SMA100: 62.47<br>     Previous Daily SMA200: 65.66<br> Levels:<br>     Previous Daily High: 46.33<br>     Previous Daily Low: 44.54<br>     Previous Weekly High: 47.09<br>     Previous Weekly Low: 42.45<br>     Previous Monthly High: 63.92<br>     Previous Monthly Low: 49.64<br>     Previous Daily Fibonacci 38.2%: 45.22<br>     Previous Daily Fibonacci 61.8%: 45.65<br>     Previous Daily Pivot Point S1: 44.55<br>     Previous Daily Pivot Point S2: 43.65<br>     Previous Daily Pivot Point S3: 42.76<br>     Previous Daily Pivot Point R1: 46.34<br>     Previous Daily Pivot Point R2: 47.23<br>     Previous Daily Pivot Point R3: 48.13   Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Bitcoin moves lockstep with "fear gauge" - WSJ expert http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Mon, 31 Dec 2018 01:55:31 -0500  Cryptocurrency behaves more gold, the expert believes. The recent research shows its tight correlation with VIX. Bitcoin used to be a separate type of asset, unrelated to the rest of the financial world. However, some experts believe that those days are gone as now the digital currency is more tightly correlated to gold. That's the opinion expressed by the Wall Street Journal expert  Paul Vigna. "Bitcoin’s correlations to other assets aren’t strong, but they are measurable. On a scale of -1 to +1, ranging from completely inverted to perfectly correlated, bitcoin traded at about a 0.84 correlation to gold over the past five days, according to data from research firm Excalibur Pro Inc. That isn’t unexpected for an asset its backers bill as a new version of the yellow metal. Bitcoin also traded at a 0.77 correlation to the Chicago Board of Options Exchange’s VIX index, which measures market volatility," he wrote in his recent piece. He makes a point that Bitcoin owes its popularity to so-called Quantitative easing (QE) policies, pursued by global central banks after the meltdown of 2008. The unorthodox measures slashed interest rates and flooded global financial markets with cheap liquidity, thus forcing investors to seek risky but more profitable instruments. According to Vigna, "there is no riskier asset than a rebel currency." Global stock indices like Dow Jones, S&P 500 and Nasdaq have been falling recently. Meanwhile, the correlation ration of Bitcoin and VIX also known as a "Fear Gauge" reached 0.77, which is a high figure for the cryptocurrency.  VIX (Volatility Index) — is an indicative instrument calculated by CBOE based on the prices of options contracts that reflect the market expectations with regards to future volatility of S&P 500 options.<br /> Interestingly, on the previous week,  the head of Morgan Creek Digital Assets Anthony Pompliano denied that bitcoin was correlated to gold or any other traditional asset.<br />   BEST BROKERS TO TRADE CRYPTO Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. USD/JPY stationary heading into 2019, but Chinese PMIs could offer...something... http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Mon, 31 Dec 2018 00:41:15 -0500 USD/JPY is trading at 110.34 and in a standstill ahead of the Chinese PMIs, which if ignored, will likely leave the yen perched on the bid for the end of 2018.  USD/JPY has been broadly offered due to risk-off sentiment as we head into 2019.  USD/JPY has dropped from the early Dec highs on the 114 handle and has been sliding as stock markets put on a show into year end. Investors are looking for safer havens in the main, although there has been quite a turnaround, in price action at least, in the last few sessions during illiquid holidays allowing for wild moves. Stocks have been a roller-coaster What's been happening over the holiday period and what can we expect for the first week of the New Year? As explained previously in, What's been happening over the holiday period and what can we expect for the first week of the New Year?, the Dow's best daily performance came on 26th: "Traders pounced on beaten-down stock prices that came from a brutal sell-off on a shortened Christmas Eve. Both the Dow and S&P added 5% on the 26th and the NASDAQ 5.6% - Those were the best gains since 2009,  just after suffering the worst decline in history in the trading session before Christmas." This sent USD/JPY higher, by only by a fraction in percentage and relative terms to the US stock markets leaving a bearish outlook on the charts still. At the same time, however, the U.S. rate complex is sinking as investors out price the Fed. the 2- and 10-year US Treasury yields hit a new low and hover near recent lows, adding weight long yen. China and International Trade in 2019: The crossroads of a great power Markets now await the Chinese PMIs which may have some impact considering how investors are positioned for a Chinese slow down which investors fear could set the stage for 2019 and weigh on the broader global economic recovery. Elsewhere, Sino/US trade relations will be under the microscope as a mid-level US delegation is reportedly going to be heading to China in the week of January 7th to initiate the next round of trade talks.  USD/JPY levels Support levels: 110.15 109.80 109.45 Resistance levels: 110.75 111.05 111.40 Eric Abdelnour, Chief Analyst at Bakinv explained that the short-term picture for the pair is bearish, as it's developing comfortable below the 38.2% retracement of the March/October rally at 110.75, the immediate resistance: "In the 4 hours chart, the 100 and 200 SMA gain downward strength far above the current level, while technical indicators maintain downward slopes, the Momentum within neutral levels but the RSI currently at 37, anticipating additional declines ahead."   Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. What's been happening over the holiday period and what can we expect for the first week of the New Year? http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Sun, 30 Dec 2018 22:13:40 -0500 Depending on where you are in the world, we are either 24hr or 48hrs away from the start of the New Year. While the majority of the major financial centres have been out on national holidays, we have still seen some action in the financial and commodities markets and subsequent flows in the FX space.  One of the standouts during the holiday period has been the crazed price action in global equities. For the individual benchmarks, the Dow's best daily performance came on 26th which was Boxing Day in the UK and Australia, although the US markets were open. Traders pounced on beaten-down stock prices that came from a brutal sell-off on a shortened Christmas Eve. Both the Dow and S&P added 5% on the 26th and the NASDAQ 5.6% - Those were the best gains since 2009,  just after suffering the worst decline in history in the trading session before Christmas. USD/JPY better offered in risk-off environment However, given the thin liquidity, it did not take much to move the market, relatively speaking and bulls should take note of the subsequent flows into the Yen that has sustained an overall bid, despite the positive snap back in the indices. USD/JPY has fallen from space above 113.50 to a low of 110.14 since the middle of the month. Yes, the dollar did gain a yen as the benchmarks soared 5-5.6%, but the move was faded right back to where it came from again. Moreover, if we look to the Aussie and Swiss Frank, the FX space is revealing the actual mood of the financial and commodity markets space - and that is 'risk-off'. 2019 here we come . . .   China and International Trade in 2019: The crossroads of a great power The start to the New Year is going to be where we left off. Its groundhog day comes early for America and Candian friends while in Asia, well, it is just as well that China will not celebrate the New Year celebrations until February's Spring Festival.  So, there is still time to see some positive progress in the Sino/US trade spat as a mid-level US delegation is reportedly going to be heading to China in the week of January 7th to initiate the next round of trade talks.  Meanwhile, the partial U.S. government shutdown continues to concern investors, supporting a risk-off play in the FX space. President Donald Trump tweeted before the weekend and threatened to “close the Southern border entirely,” if congressional Democrats don’t approve funding for a border wall,  complaining that the U.S. was losing money to Mexico through the North American Free Trade Agreement, signed in late November after 15 of negotiations.  Brexit risk is back in vogue Elsewhere, we have Brexit risk to trade also. The UK is due to leave the EU on 29 March, following the result of the 2016 referendum. Uk Parliament is due to return from the holidays, and there will be a vote in the Commons on PM May's and the EU's agreed withdrawal agreement and the political declaration outlining ambition for future talks. The vote by the MPs on the deal had been scheduled for 11 December, but May postponed it until January when it became clear her deal would be rejected, leading to widespread anger in the Commons...and the saga continues. However, the latest on that was with the Foreign Minister Hunt saying the government can get May's Brexit deal through parliament which helped cable lift to the 1.27 handle. However, the weekend's press has reported that the UK's international trade secretary Liam Fox speaking with the Sunday Times over the weekend says if parliament rejects Theresa May's Brexit deal then Brexit is only around 50-50: "What you can be sure of is that if we vote for the prime minister's deal then it's 100% certain that we will leave on 29 March. If we do not vote for that, I'm not sure I would give it much more than 50-50. And, for me, that would induce a sense that we had betrayed the people that had voted in the referendum." All eyes on nonfarm payrolls While Brexit and trade talks are likely to be the key focus for the first quarter and make for the most volatility, in the immediate future, markets will certainly not discount the US jobs report for the first week of the New Year, as well as Fed noise. We also have Chair Powell that will participate on the same day as nonfarm payrolls in a joint interview with Yellen and Bernanke at an academic conference - However, that is unlikely to offer a concrete discussion of current conditions or future monetary policy.  "In the context of pessimistic market sentiment, we expect payrolls rebound to 190k for December to be interpreted as slightly hawkish. Surveys published so far suggest payrolls likely remained firm, which should keep the unemployment rate unchanged at 3.7%. We also anticipate wages to rise 0.3% m/m, bringing the annual print slightly down to 3.0%," analysts at TD Securities wrote.  For today, we have the Chinese PMIs that could have an impact considering the angst over a slowdown in China and the global economy as a whole.  Good luck for the New Year ahead!  Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Italian parliament lowers planned 2019 budget deficit to avoid sanctions http://www.bull-trend.com/ Europe http://www.bull-trend.com/ Sun, 30 Dec 2018 19:08:06 -0500 The lower house of the Italian parliament approved a revised budget deficit for 2019 in the last minute vote. The revised budget deficit is expected to reach 2.04% of GDP instead of originally planned 2.4% of GDP. A lower chamber of the Italian parliament approved a revised budget deficit for 2019 in a last-minute vote before the deadline expired on Monday, December 31, avoiding the sanctions from the European Commission in form of the excessive deficit procedure. Lawmakers in Rome voted 313 in favor and 70 against the revised budget, which had already been approved by the Senate. The clash between the populist Italian government and the European Commission started in October after the Commission raised concerns about the long-term sustainability of Italian public finances claiming that the planned budget would have a negative impact on Italy's already elevated debt. After the deal was struck with the Commission last week, Italy lowered its planned budget deficit from 2.4% of GDP to 2.04%. The parliamentary debate was fierce with ex-premier Silvio Berlusconi’s center-right Forza Italia parliament members being escorted from the lower house on Saturday afternoon while wearing a provocating slogan “Enough Taxes”. <br>   Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Bitcoin: Challenges abound in the new year after tumultuous 2018 http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Sun, 30 Dec 2018 06:31:50 -0500 BTC lost nearly three fourth value this year. Many challenges lie ahead to gain lost glory. Bitcoin, the largest cryptocurrency by market capitalization and the coin that gave Blockchain to the world, lost almost three fourth of its value in the year 2018 and whether it would be able to reclaim its lost glory and the tops of last year is a challenge of its own. BTC/USD is up nearly one percent on the day at $3,759, near the high point of the day. It is down 72.88%this year as on today, in a year that saw governments and regulators taking a hard look at the coin and its usages by either not allowing ETFs to trade BTC (in the U.S.) or by outright banning banks to not facilitate crypto transactions (India). On top of all that, there have been ICO scams and hacks that resulted in regulators tightening rules and investors shying away from the crypto world. Adding salt to the injury of existing investors, or as they say, HODLERs was, prices falling off the cliff all through the year. So the year ahead for the poster boy of the crypto world would be to shake off bad memories of 2018 and start the year 2019 with a clean slate. Easier said than done, as the governments and regulators continue to watch the space closely and are still not openly receptive of the technology. Not yet. BTC/USD daily chart: Losing >72 pct in 2018   Get 24/7 Crypto updates in our social media channels: Give us a follow at @FXSCrypto and our Bakinv Crypto Trading Telegram channel BEST BROKERS TO TRADE CRYPTO Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Bitcoin: Breakout that didn't happen; sideways days in the year ahead http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Sat, 29 Dec 2018 04:47:19 -0500 BTC broke out of Cup and Handle pattern, but gave up. Consolidation is the way ahead in the new year. Bitcoin, the poster boy of cryptocurrency world, did break out of the cup and handle pattern on the charts, as pointed by this author last week, but only to give up again, in a sign that bulls too are on Christmas vacation along with bears. BTC/USD is down about 0.2% at $3,881 and trading in less than 2% range for the day in a thinly traded weekend as well as year-end trading. On the 180-minute chart, this largest crypto by market cap did break out of the cup and handle pattern by crossing past $4,200 resistance line, but couldn't sustain it. Resulting in prices going below the very trendline they broke out of. Although, after the clawback, prices found support at 21 days SMA around $3,576, while upside still seems capped around $4,200, signaling consolidation ahead as the new year dawns. BTC/USD 180-minute chart:   Get 24/7 Crypto updates in our social media channels: Give us a follow at @FXSCrypto and our Bakinv Crypto Trading Telegram channel BEST BROKERS TO TRADE CRYPTO Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Bitcoin Price Analysis: BTC/USD finds big buyers after bouncing off important near-term trend line http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Fri, 28 Dec 2018 21:16:20 -0500 Bitcoin traded up over 9% in the late part of Friday, after sudden surge higher. BTC/USD found big buyers at a trend line, that has been running since 16th December.   The Bitcoin price late on Friday was seen holding up gains just shy of double-digits, up some 9% late in the session. A chunky amount of renewed bidding kicked into BTC/USD well into the second half of the day. An ascending trend line can be seen via the 4-hour chart view, which has been running since the 15th December. BTC/USD was forced to retreat back down at this area of support in the early hours of Friday, however big buying came into play as the price touched the trend line again. The next major challenge near-term for the bulls will be to breakdown supply seen just ahead, this is tracking from 4200-300 price region. Should BTC/USD move north of this, then $4500 and finally $5000, as upside targets.   BTC/USD 4-hour chart BEST BROKERS TO TRADE CRYPTO Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Crypto Market Update: Strong rally across the board as bulls making another big return http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Fri, 28 Dec 2018 19:14:35 -0500 Big double-digit gains seen across the crypto market, as the bull run resumes late on Friday. Bitcoin back within the $4000 territory, XRP/USD stretching towards $0.4000 and Ethereum up over 20%, trading within the $140 region.   The cryptocurrency market wide saw a large surge higher in the latter part of the day on Friday. Green is seen across the board within the major currencies, a move of which coming at quite some surprise in terms of its strength. BTC/USD is pressing back within the $4000 territory, XRP/USD is moving back towards the big $0.4000. LTC/USD jumping towards $35. ETH/USD back firmly within the $140 price region, chunky jumps observed. There isn’t anything particular to warrant such the move that has been observed. However the market was already within a bull run from December 16th, before cooling on the 24th December. The pace seemingly being picked back up again, after a marginal cooling.   BEST BROKERS TO TRADE CRYPTO Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.